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18 August, 03:03

After college graduation, Mario received employment offers from two companies. The first company offered a yearly salary of $31,000 with an annual raise of $1,500 and the second company offered a starting salary of $28,500 with an annual raise of $2,000. How many years will it take for the salaries to be the same?

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  1. 18 August, 05:26
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    The first thing we must do for this case is to define a variable:

    x: number of years

    y: total salary

    We have then:

    For first company:

    y = 1500x + 31000

    For second company:

    y = 2000x + 28500

    Equaling both equations we have:

    1500x + 31000 = 2000x + 28500

    Clearing x:

    2000x - 1500x = 31000 - 28500

    500x = 2500

    x = 2500/500

    x = 5

    Answer:

    It will take for the salaries to be the same а bout:

    x = 5 years
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